Heritage Trust Co Invests $1.98 Million in Chubb Limited (NYSE:CB)

Heritage Trust Co acquired a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, Holdings Channel reports. The fund acquired 7,173 shares of the financial services provider’s stock, valued at approximately $1,982,000.

A number of other hedge funds have also made changes to their positions in CB. Tandem Wealth Advisors LLC boosted its stake in Chubb by 3.0% during the 4th quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 40 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Chubb by 6.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 200,730 shares of the financial services provider’s stock valued at $55,462,000 after buying an additional 11,772 shares in the last quarter. Bank of Hawaii grew its holdings in Chubb by 1.5% during the fourth quarter. Bank of Hawaii now owns 3,799 shares of the financial services provider’s stock worth $1,050,000 after acquiring an additional 56 shares during the period. Bessemer Group Inc. raised its position in Chubb by 8.1% in the fourth quarter. Bessemer Group Inc. now owns 25,287 shares of the financial services provider’s stock worth $6,986,000 after acquiring an additional 1,886 shares in the last quarter. Finally, Texas Yale Capital Corp. lifted its holdings in Chubb by 0.8% in the 4th quarter. Texas Yale Capital Corp. now owns 12,422 shares of the financial services provider’s stock valued at $3,432,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $282.24 on Friday. The company has a 50 day simple moving average of $282.81 and a 200-day simple moving average of $281.33. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91. The firm has a market capitalization of $113.01 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CB. Wells Fargo & Company lowered their price objective on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Thursday. UBS Group upped their price target on Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a report on Wednesday. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their target price on Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $303.00.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last three months. Insiders own 0.86% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.